Investment Objective/Strategy -The Emerging Markets Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze Emerging Markets Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

There can be no assurance that the Fund's investment objectives will be achieved.

Eligible securities are ranked by trailing twelve month volatility within their respective countries.

The 25 securities with the lowest volatility from each country are selected (or all securities if less than 25 qualify).

Weights are assigned that are equal to the to the country and sector weights within the Nasdaq Emerging Markets Large Mid Cap Index. The index weighting methodology includes a maximum weight cap of 3% to prevent high concentrations among larger stocks.

The index is rebalanced and reconstituted on a semi-annual basis.

Fund Overview

Ticker

RNEM

Fund Type

Emerging Market Equity

Investment Advisor

First Trust Advisors L.P.

Investor Servicing Agent

Brown Brothers Harriman

CUSIP

33738R779

ISIN

US33738R7796

Intraday NAV

RNEMIV

Fiscal Year-End

03/31

Exchange

Nasdaq

Inception

6/20/2017

Inception Price

$49.71

Inception NAV

$49.71

Rebalance Frequency

Semi-Annual

Expense Ratio

0.77%

Current Fund Data (as of 2/20/2018)

Closing NAV1

$55.48

Closing Share Price2

$55.75

Bid/Ask Midpoint

$55.75

Bid/Ask Premium

0.49%

Total Net Assets

$5,548,021

Outstanding Shares

100,002

Daily Volume

853

Average 30-Day Daily Volume

1,209

Closing Share Price 52-Week High/Low

$59.22 / $49.71

Closing NAV 52-Week High/Low

$59.31 / $49.57

Number of Holdings

260

Fund Characteristics (as of 1/31/2018)6

Maximum Market Cap.

$402,875

Median Market Cap.

$10,668

Minimum Market Cap.

$203

Price/Earnings

15.31

Price/Book

1.80

Price/Cash Flow

11.07

Price/Sales

0.99

Top Holdings (as of 2/20/2018)

Holding

Percent

Lenovo Group Limited

2.56%

Taiwan Semiconductor Manufacturing Company Ltd.

2.54%

ASUSTeK Computer Inc.

2.52%

Delta Electronics Inc.

2.20%

Compal Electronics Inc.

2.13%

Housing Development Finance Corporation Ltd. (HDFC)

1.66%

Kotak Mahindra Bank Limited

1.66%

HDFC Bank Limited

1.65%

IndusInd Bank Limited

1.54%

The Spar Group Limited

1.37%

Holdings are subject to change.

NAV History (Since Inception)

Past performance is not indicative of future results.

Distribution Information

Dividend per Share Amt (as of 2/21/2018)3

$0.1024

30-Day SEC Yield (as of 1/31/2018)4

1.67%

Index Yield (as of 1/31/2018)5

2.91%

Bid/Ask Midpoint vs. NAV (as of 12/31/2017)

Number of Days Bid/Ask Midpoint Above NAV

Quarter Ended

0-49Basis Points

50-99Basis Points

100-199Basis Points

>=200Basis Points

12/31/2017

35

22

5

0

9/30/2017

43

14

0

0

6/30/2017

6

0

0

0

Number of Days Bid/Ask Midpoint Below NAV

Quarter Ended

0-49Basis Points

50-99Basis Points

100-199Basis Points

>=200Basis Points

12/31/2017

1

0

0

0

9/30/2017

5

1

0

0

6/30/2017

3

0

0

0

The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.

Top Country Breakdown (as of 2/20/2018)

Country

Percent

China

18.74%

India

17.25%

Taiwan

16.09%

Brazil

9.17%

South Africa

9.08%

Thailand

5.22%

Mexico

4.74%

Russia

4.43%

Malaysia

3.03%

Indonesia

2.74%

Top Sector Exposure (as of 2/20/2018)

Financials

34.69%

Information Technology

14.56%

Consumer Staples

10.58%

Materials

7.94%

Industrials

7.70%

Energy

5.90%

Consumer Discretionary

5.42%

Telecommunication Services

5.32%

Utilities

2.96%

Real Estate

2.60%

Health Care

2.33%

Month End Performance (as of 1/31/2018)

3 Mos

YTD

1 Year

3 Year

5 Year

10 Year

SinceFundInception7

Fund Performance *

Net Asset Value (NAV)

12.40%

7.61%

N/A

N/A

N/A

N/A

20.18%

After Tax Held

11.80%

7.61%

N/A

N/A

N/A

N/A

18.98%

After Tax Sold

6.99%

4.31%

N/A

N/A

N/A

N/A

11.36%

Market Price

12.10%

7.53%

N/A

N/A

N/A

N/A

20.58%

Index Performance **

Nasdaq Riskalyze Emerging Markets Index

12.92%

7.76%

N/A

N/A

N/A

N/A

21.75%

MSCI Emerging Markets Index

12.45%

8.33%

N/A

N/A

N/A

N/A

26.20%

NASDAQ Emerging Large Mid Cap Index

13.69%

8.48%

N/A

N/A

N/A

N/A

26.78%

Quarter End Performance (as of 12/29/2017)

3 Mos

YTD

1 Year

3 Year

5 Year

10 Year

SinceFundInception7

Fund Performance *

Net Asset Value (NAV)

5.35%

N/A

N/A

N/A

N/A

N/A

11.68%

After Tax Held

4.78%

N/A

N/A

N/A

N/A

N/A

10.56%

After Tax Sold

3.03%

N/A

N/A

N/A

N/A

N/A

6.59%

Market Price

5.02%

N/A

N/A

N/A

N/A

N/A

12.14%

Index Performance **

Nasdaq Riskalyze Emerging Markets Index

5.84%

N/A

N/A

N/A

N/A

N/A

12.98%

MSCI Emerging Markets Index

7.44%

N/A

N/A

N/A

N/A

N/A

16.49%

NASDAQ Emerging Large Mid Cap Index

7.82%

N/A

N/A

N/A

N/A

N/A

16.87%

*Performance data quoted represents past performance. Past performance is not a guarantee of future
results and current performance may be higher or lower than performance quoted. Investment returns
and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than
their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold.
After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns
do not represent the returns you would receive if you traded shares at other times. Market Price returns are
based on the midpoint of the bid/ask spread on the stock exchange on which shares of the fund are listed for
trading as of the time that the fund’s NAV is calculated. Returns are average annualized total returns, except
those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and
do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax
situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold
their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for the Nasdaq Riskalyze Emerging Markets Index is for illustrative purposes only and does not represent actual fund performance.

Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

The expense ratio for this fund is 0.77%.

MSCI Emerging Markets Index - The Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets.

NASDAQ Emerging Large Mid Cap Index - The Index is a float adjusted market capitalization index designed to track the performance of securities in NASDAQ Emerging Markets Index that comprise the Large Mid-cap segment of companies designated as Emerging Markets.

Fund shares are purchased and sold on an exchange at their share price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).

3

Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.

4

The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.

5

Index yield represents the weighted average trailing 12-month dividend of the constituents of the Nasdaq Riskalyze Emerging Markets Index.

6

All market capitalization numbers are in USD$ Millions.

7

Inception Date is 6/20/2017

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

ETF Characteristics

The fund lists and principally trades its shares on The Nasdaq Stock Market LLC.

The fund's return may not match the return of the Nasdaq Riskalyze Emerging Markets Index. Securities held by the fund will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions.
Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net
asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be
redeemed directly from the fund by authorized participants, in very large creation/redemption units. If the fund's authorized participants are unable
to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at
a discount to the fund's net asset value and possibly face delisting.

Risk Considerations

The fund's shares will change in value, and you could lose money by investing in a fund. One of the principal risks of investing in the fund is market risk. Market risk is the risk that a particular stock owned by the fund, fund shares or stocks in general may fall in value. There can be no assurance that the fund's investment objective will be achieved.

The fund may invest in securities issued by companies concentrated in a particular industry or sector, which involves additional risks, including limited diversification. The fund may invest in small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

An investment in a fund containing securities of non-U.S. issuers is subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers. These risks may be heightened for securities of companies located in, or with significant operations in, emerging market countries. The fund may invest in depositary receipts which may be less liquid than the underlying shares in their primary trading market.

The fund currently has fewer assets than larger funds, and like other relatively new funds, large inflows and outflows may impact the fund's market exposure for limited periods of time.

As the use of Internet technology has become more prevalent in the course of business, the fund has become more susceptible to potential operational risks through breaches in cyber security. Such events could cause the fund to incur regulatory penalties, reputational damage, additional compliance costs associated with corrective measures and/or financial loss.

Changes in currency exchange rates and the relative value of non-US currencies may affect the value of a fund's investments and the value of a fund's shares.
The fund is classified as "non-diversified" and may invest a relatively high percentage of its assets in a limited number of issuers. As a result, the fund may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly concentrated in certain issuers.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund's distributor.

Riskalyze, Inc. (the "Licensor") and the Nasdaq Riskalyze Emerging Markets Index (the "Index")
are trademarks of the Licensor and have been licensed for use for certain purposes by First Trust.
The Fund is based on the Licensor Index and is not sponsored, endorsed, sold or promoted by Licensor,
and Licensor makes no representation regarding the advisability of trading in the Fund.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.

First Trust Portfolios L.P. Member SIPC and FINRA.
First Trust Advisors L.P.